yom2:
2years or more than? Infact when these local morons infilterate these firms 100% dnt expect anything much

DeRuggedProf:


You don't wake up in the enemy's camp and wage a war after you were captured/bonded and taken away...

locodemy:


Hmm!.....i see.
Better to enjoy myself at Mr. Bigs for 30 days than to invest in Aiico.

Close to 2 years now,Aiico has never been profitable.

On the contrary, i think aiico is a stock to watch.

pluto09:


On the contrary, i think aiico is a stock to watch.

O! Yes.it is a stock to watch.
They want to be listed as a group and their total OS is about 18B.
Indeed,it is a stock to watch for share recontructions and also raising of another fund.

stock with new 52 week lows
JB #33.83k
stocks with new 52 week highs
redstar #5.32k
abbey building #1.30k
first aluminum #0.60k
Friesland wamco #184.99k (nasd traded)

Ashaka Cement has voluntarily delisted from the NSE

Nigerian Stocks Drown Deeper by 1.10% as Weak Sentiments Persist
www.businesspost.ng/2017/07/04/nigerian-stocks-drown-deeper-1-10-weak-sentiments-persist/

Intendy:
stock with new 52 week lows

JB #33.83k

stocks with new 52 week highs

redstar #5.32k

abbey building #1.30k

first aluminum #0.60k

Friesland wamco #184.99k (nasd traded)

The same Frieland wamco which I bought at N140 less than 2 months ago.

emmanuelewumi:



The same Frieland wamco which I bought at N140 less than 2 months ago.

nice one there.

cscs,afriland and Friesland owns the pack.
Though I've been long here taking interim and final for years now and bought @ #108.50k then

Intendy:


nice one there.

cscs,afriland and Friesland owns the pack.
Though I've been long here taking interim and final for years now and bought @ #108.50k then

FMN date of paymant, AGM e.t.c?

locodemy:


O! Yes.it is a stock to watch.
They want to be listed as a group and their total OS is about 18B.
Indeed,it is a stock to watch for share recontructions and also raising of another fund.

emmanuelewumi:



The same Frieland wamco which I bought at N140 less than 2 months ago.

28% return, Nice, but if you bought FBNH with that money at that time you would have made about 150%.

Mpeace:
28% return, Nice, but if you bought FBNH with that money at that time you would have made about 150%.

please add and sold the fbnh @ the peak price

Guinness Nigeria Plc Begins N40b Rights Issue
http://www.businesspost.ng/2017/07/04/guinness-nigeria-plc-begins-n40b-rights-issue/

Intendy:


please add and sold the fbnh @ the peak price

at its current price I think it can still do 100% before march next year.

dipoolowoo:
Guinness Nigeria Plc Begins N40b Rights Issue
http://www.businesspost.ng/2017/07/04/guinness-nigeria-plc-begins-n40b-rights-issue/

Ok we dey down o @#15 if not #10 .

pluto09:


Fair result.Much improvement over last year. Major issue is the level of indebetdness. Over N190b in debt. Still working for the banks. Banks got N32b while shareholders got less than N3b A company to watch for a long play.

@ dis rate when do u think they will pay off this huge debt

@emmanuelewumi,how do you buy from NASD? Through your normal broker?

Pull back
- those asking ''wen is d pull back coming'' . . it is here
- lower openings wt lower closure tinz
- no one likes falling prices , no matter how shallow
- but we welcome d bears . .
- wait & buy d support level.

#randomThots
if prices have dropped below your avg entry for your longs, sit still if d holding is still above the long term MA
if ur looking to re-enter , wait for supports levels , be patient
if u wished u had taken more profit during d bull run, let it go , learn & move on.
if u feel u re-entered to quickly only for prices to go lower, stick to ur strategy . this things happen, #brace for further shaking out
if ur a trend follower , u shud not be moved so far prices remain above d respected trend else ur not one

Ecobank to File HY Financial Statements August 24
http://www.businesspost.ng/2017/07/05/ecobank-file-hy-financial-statements-august-24/

gamaliel9:
@emmanuelewumi,how do you buy from NASD? Through your normal broker?

You need to open an NASD account with your broker, provided your stockbroker is one of the NASD licenced brokers. If not you have to go to a broker who is authorised to trade on NASD.

www.nasdng.com

maishai:

@ dis rate when do u think they will pay off this huge debt

Maybe between 5 to 7 years provided they keep making profit.

fxuser:
Pull back
- those asking ''wen is d pull back coming'' . . it is here
- lower openings wt lower closure tinz
- no one likes falling prices , no matter how shallow
- but we welcome d bears . .
- wait & buy d support level.

#randomThots
if prices have dropped below your avg entry for your longs, sit still if d holding is still above the long term MA
if ur looking to re-enter , wait for supports levels , be patient
if u wished u had taken more profit during d bull run, let it go , learn & move on.
if u feel u re-entered to quickly only for prices to go lower, stick to ur strategy . this things happen, #brace for further shaking out
if ur a trend follower , u shud not be moved so far prices remain above d respected trend else ur not one

Thanks for your post. My opinion is that this is a Pullback to Shakeout. Not a TRUE BEAR. Volumes are down and those sharks in the market want to take advantage of FEAR in the feeble hearted.....just my opinion

Ashaka Cement Plc was Tuesday voluntarily delisted from the Nigerian Stock Exchange (NSE). The company had last year notified the exchange of its intention to exit. The shareholders of Ashaka Cement, who have exercised their option to exit the company prior to the delisting will receive 57 Lafarge Africa Plc shares for 202 Ashaka shares, as well as a N2.00 per share cash consideration. On the other hand, shareholders, who do not want to remain in the unlisted Ashaka Cement will be entitled to receive a payment of N15.74 per share from the company. The Board of Directors of Ashaka Cement Plc had opted for a voluntarily delisting of the company from the NSE in violation of the exchange’s Free Float Deficiency provision of 20 per cent. According to the directors, Lafarge Africa Plc currently holds 84.97 per cent of Ashaka Cement, bringing the free float that is tradable on the NSE to 15.03 per cent as against 20 per cent stipulated by the exchange. The directors explained that is not improbable that given this free float deficiency, the NSE could take enforcement action and initiate a regulatory delisting, given that the free float deficiency is not likely to be remedied, hence the decision to delist and operate as an unlisted company.  Besides, the free float deficiency, the directors said over the last five years, there has been little or no trading activity with only 0.20 per cent of the shares held by the minority shareholders being traded. “Neither the company nor any shareholders are benefiting from the continued listing as shareholders are not getting any exit opportunity and their investments have been locked up and they find it difficult to dispose of their shareholding. Moreover, the company is bearing unnecessary cost in complying with its listing obligations,” the directors said. They disclosed that through the voluntary delisting of AshakaCem, they are exercising a regulatory provision that will shield the company from any enforcement action that the NSE may effect and are also providing an exit consideration to minority shareholders who do not wish to remain in an unlisted company. Ashaka Cement recorded a decline of 27 per cent in profit after tax (PAT) for the year ended December 31, 2016. The company posted a revenue of N17.351 billion, showing a marginal fall from N17.415 billion in 2015. Ashaka Cement ended the year with profit before tax of N2.663 billion, down from N3.209 billion in 2015, and PAT of 2.01 billion, compared with N2.76 billion in 2015

safepaulooo:


Thanks for your post. My opinion is that this is a Pullback to Shakeout. Not a TRUE BEAR. Volumes are down and those sharks in the market want to take advantage of FEAR in the feeble hearted.....just my opinion

You too much . ONE LOVE .

Etisalat: Investors are dumping ‘FUGAZ’ in droves

http://nairametrics.com/2017/07/05/etisalat-investors-are-dumping-fugaz-in-droves/
The recent takeover of the board of Etisalat Nigeria by the CBN and (possibly Aliko Dangote) has sent investors in a frenzy with banking stocks bearing the brunt.

The Nigerian stock market banking index dropped a whopping 2.26% on Tuesday as investors feared a potential provisioning of the loans by banks. A loan provision by the consortium of lenders could lead to a loss of between $500million to $1 billion this quarter alone.

As investors feared a dip in banks profitability a sell off of bank stocks ensued with the FUGAZ (FBNH, UBA, GTB, Access Bank and Zenith Bank) leading the sell offs.

First Bank led the way with a loss of 3.43% while UBA posted a day loss of 5.75%. GTB, Access Bank and Zenith Bank also lost 1.28%, 2.25% and 1.51% respectively. Other tier 2 banks, also reported massive losses by the close of business. Ecobank lost 4.94%, while Diamond Bank and FCMB both lost 4.72 percent respectively.

stcool:


If you got questions I am willing to help...@ your service. Other members here too can always assist too. Goodluck

I would have preferred a one on one putting through if that's okay with you. I'm willing to drop my WhatsApp contact here if you're sceptical. Thanks

maishai:

@ dis rate when do u think they will pay off this huge debt

What investors want to see is a gradual reduction in debt and not a debt free company. A company with the size of FMN cannot practically stay out of some level of debt.
My suspicion is that they will be coming to the market in the nearest future to raise fresh capital in form of right issue after they might have succesefully pushed up the price on the exchange.

ihedioramma:
Ashaka Cement Plc was Tuesday voluntarily delisted from the Nigerian Stock Exchange (NSE). The company had last year notified the exchange of its intention to exit. The shareholders of Ashaka Cement, who have exercised their option to exit the company prior to the delisting will receive 57 Lafarge Africa Plc shares for 202 Ashaka shares, as well as a N2.00 per share cash consideration. On the other hand, shareholders, who do not want to remain in the unlisted Ashaka Cement will be entitled to receive a payment of N15.74 per share from the company. The Board of Directors of Ashaka Cement Plc had opted for a voluntarily delisting of the company from the NSE in violation of the exchange’s Free Float Deficiency provision of 20 per cent. According to the directors, Lafarge Africa Plc currently holds 84.97 per cent of Ashaka Cement, bringing the free float that is tradable on the NSE to 15.03 per cent as against 20 per cent stipulated by the exchange. The directors explained that is not improbable that given this free float deficiency, the NSE could take enforcement action and initiate a regulatory delisting, given that the free float deficiency is not likely to be remedied, hence the decision to delist and operate as an unlisted company.  Besides, the free float deficiency, the directors said over the last five years, there has been little or no trading activity with only 0.20 per cent of the shares held by the minority shareholders being traded. “Neither the company nor any shareholders are benefiting from the continued listing as shareholders are not getting any exit opportunity and their investments have been locked up and they find it difficult to dispose of their shareholding. Moreover, the company is bearing unnecessary cost in complying with its listing obligations,” the directors said. They disclosed that through the voluntary delisting of AshakaCem, they are exercising a regulatory provision that will shield the company from any enforcement action that the NSE may effect and are also providing an exit consideration to minority shareholders who do not wish to remain in an unlisted company. Ashaka Cement recorded a decline of 27 per cent in profit after tax (PAT) for the year ended December 31, 2016. The company posted a revenue of N17.351 billion, showing a marginal fall from N17.415 billion in 2015. Ashaka Cement ended the year with profit before tax of N2.663 billion, down from N3.209 billion in 2015, and PAT of 2.01 billion, compared with N2.76 billion in 2015

if you still have shares in Ashaka how do you exit with the delistment?